I had a post last week which I mused the possibility of repeating the rejection pattern we saw early 2022, specifically the initial breakdown week and subsequent bounce and retest underneath the 20 week MA. We (so far) have been putting in an almost identical weekly rejection (even this week’s large upper wick) with a red candlestick body basically undoing the prior week’s bullish green candle. Well, it is Thursday and so far, so good.
